Can I retire at age 67 with 635,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $635,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$52,438$51,971$51,515$51,070$50,636$49,015
2 years$25,959$25,476$25,007$24,553$24,112$22,494
3 years$17,134$16,649$16,181$15,731$15,298$13,733
4 years$12,723$12,239$11,776$11,334$10,911$9,412
5 years$10,076$9,595$9,139$8,705$8,294$6,865
6 years$8,313$7,835$7,385$6,962$6,563$5,204
7 years$7,053$6,580$6,137$5,724$5,337$4,049
8 years$6,110$5,640$5,205$4,801$4,428$3,210
9 years$5,376$4,911$4,483$4,090$3,729$2,579
10 years$4,789$4,329$3,908$3,525$3,177$2,094
11 years$4,309$3,854$3,441$3,068$2,732$1,714
12 years$3,910$3,459$3,054$2,691$2,368$1,412
13 years$3,572$3,126$2,728$2,376$2,065$1,169
14 years$3,283$2,841$2,451$2,109$1,810$972
15 years$3,032$2,595$2,213$1,881$1,594$811
16 years$2,813$2,381$2,007$1,684$1,409$678
17 years$2,620$2,193$1,826$1,513$1,249$568
18 years$2,449$2,027$1,667$1,364$1,110$477
19 years$2,296$1,878$1,526$1,232$990$402
20 years$2,158$1,745$1,400$1,116$884$338
21 years$2,034$1,626$1,288$1,013$791$285
22 years$1,921$1,517$1,187$921$709$241
23 years$1,818$1,419$1,096$839$637$203
24 years$1,724$1,330$1,014$765$572$172
25 years$1,637$1,248$939$699$515$145
26 years$1,557$1,173$871$639$464$123
27 years$1,484$1,104$809$585$418$104
28 years$1,415$1,040$752$536$377$88
29 years$1,352$981$700$491$341$75
30 years$1,293$927$652$451$308$63
31 years$1,237$876$607$414$278$54
32 years$1,186$829$567$381$252$45
33 years$1,137$785$529$350$228$38
34 years$1,092$744$494$322$206$33
35 years$1,049$706$462$296$187$28
36 years$1,009$670$432$273$169$23
37 years$970$636$405$251$153$20
38 years$934$605$379$232$139$17
39 years$900$575$355$214$126$14
40 years$868$547$333$197$114$12
41 years$838$521$312$182$104$10
42 years$808$496$293$168$94$9
43 years$781$472$275$155$85$7
44 years$754$450$258$143$78$6
45 years$729$429$242$132$70$5
46 years$705$410$227$122$64$5
47 years$683$391$214$113$58$4
48 years$661$373$201$104$53$3
49 years$640$356$189$96$48$3
50 years$620$340$177$89$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $635,000, adding $5,270 every year, while hoping to spend $23,976 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 67/15/18 Blend
66$635,000$635,000$635,000$635,000
67$705,206$671,551$661,709$749,004
68$751,627$678,947$658,365$786,349
69$801,979$685,901$654,107$823,893
70$856,638$692,368$648,877$864,363
71$916,017$698,296$642,616$908,043
72$980,571$703,633$635,264$955,250
73$1,050,800$708,321$626,756$1,006,332
74$1,127,254$712,301$617,025$1,061,674
75$1,210,538$715,509$606,000$1,121,698
76$1,301,319$717,874$593,606$1,186,874
77$1,400,330$719,326$579,768$1,257,716
78$1,508,377$719,787$564,404$1,334,793
79$1,626,350$719,175$547,430$1,418,732
80$1,755,225$717,402$528,756$1,510,225
81$1,896,080$714,376$508,292$1,610,036
82$2,050,099$710,000$485,939$1,719,006
83$2,218,588$704,169$461,596$1,838,064
84$2,402,983$696,772$435,159$1,968,232
85$2,604,867$687,693$406,516$2,110,642
86$2,825,981$676,808$375,552$2,266,538
87$3,068,245$663,985$342,147$2,437,293
88$3,333,770$649,085$306,173$2,624,423
89$3,624,886$631,961$267,501$2,829,599
90$3,944,153$612,457$225,992$3,054,662
91$4,294,397$590,407$181,502$3,301,644
92$4,678,725$565,636$133,882$3,572,787
93$5,100,563$537,961$82,975$3,870,560
94$5,563,684$507,184$28,618$4,197,689
95$6,072,243$473,099$0$4,557,176
96$6,630,819$435,488$0$4,957,981
97$7,244,454$394,119$0$5,404,344
98$7,918,705$348,748$0$5,894,825
99$8,659,692$299,116$0$6,433,903
100$9,474,158$244,950$0$7,026,514